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Valeo SA Signs Contract with U-Shin Ltd for Sale of Access Mechanisms Business

Friday, 30 Nov 2012 02:11am EST 

Valeo SA announced on November 30, 2012 the execution of a contract for the sale of its Access Mechanisms Business to Japan-based U-Shin Ltd for an enterprise value of EUR 223 million. Closing is subject to approval by the competition authorities and is expected to occur no later than March 31, 2013. The Access Mechanisms Business, which is primarily mechanical based, comprises products such as locksets, steering column locks, handles and latches. It operates 12 plants and has 4,500 employees. 

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22 Sep 2014